JPMorgan Chase CEO Jamie Dimon has warned Americans could soon be facing 7 percent interest rates - the highest level since 1990.In a new interview, Dimon said the US needed to prepare for further rate hikes - adding his own bank was prepared for them to go as high as 8 percent. The stark warning is at odds with most analysts' predictions that the will likely only raise rates one more time this year by 0.25 percentage points. Currently the Fed's funds rate is hovering between 5.25 and 5.5 percent.
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